The National Pension Scheme (NPS) was born in 2004. The primary objective was to allow the common man a return on the money earned after retirement to meet important expenditures.
This included child education, marriage and in general, a financially stable post-work life. Before dwelling on and understanding the NPS calculations, following are some more details about the National pension scheme. This is a retirement investment plan wherein an employee contributes an amount consistently till retirement, to receive it as an instalment pension in old age when one has no fixed source of income. The National pension scheme’s finances can also be calculated using an online calculator; available on the Bajaj Finance website too. This calculator requires you to input some basic details. Once all the inputs have been entered, the NPS calculator will simultaneously begin computing the lump sum and pension amount you can expect at the time of maturity. Read More :- How To Calculate NPS Maturity Amount
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About Author:Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms. Archives
August 2022
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